Archive for February, 2012

Five blocks up Blake from Coors Field, 11 brownstones with garages, rooftop decks, back on market at a steep discount

By Mark Samuelson

Even in trendy areas around Coors Field, builders overbuilt the LoDo market with condos and townhouses in 2008-09, and plenty of units would head back to the bank. But now, after a year that saw huge absorption, much of that Ballpark product is gone – meaning that 11 “urban brownstones” that developer Craft DeLay took back from the bank, each re-opening for sales tomorrow on Blake five blocks from the ballpark, with a 2-car attached garage and a rooftop deck – are stepping into a very different market.

Blake 27 Fri 2-24-12 Interior of 3-bedroom urban brownstone you can tour. Craft DeLay has eleven homes coming back on the market five blocks from Coors Field, all with 2-car attached garages and rooftop decks, all substantially reduced.

Prices for those 2-bedroom and 3-bedroom brownstones at Blake 27 now begin at $310,000…and top out at $508,000 for a couple of premium end units that have windows on three sides. When Craft DeLay began negotiations to get hold of Blake 27 from the original developer, the very least expensive was $477,800 and the top-priced unit was at $835,000. more »

Low inventory, gain in sales, suggest the bottom of Denver real estate market

A combination of continually falling inventories of homes and a rise in the number of January sales, year over year, suggests that Denver area homebuyers are looking at the bottom of the market, says Jack O’Connor, broker/owner of The Denver 100 Real Estate.

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Jack O’Connor, Broker/Owner The Denver 100

“We’ve already seen a yearly increase in value of around 4.7% for Denver area single-family homes in a range $250,000 and under,” O’Connor said in releasing the newest edition of his monthly ‘So How’s The Market’ report last week. more »

‘Community of the Year’ BackCountry draws big crowds to its wild expanse

By Mark Samuelson

The Community of the Year for the entire Denver Metro Area: Homebuyers are showing every sign that they already know that coveted award was won this year by BackCountry – Highlands Ranch’s final chapter unfolding against 8,200 acres of scenic open space.

Sundial BackCountry Sat cover 2-11-12
Sundial House, Gold Nugget award winning clubhouse, is luring large numbers of visitors behind BackCountry’s gates. Its Pikes Pub bar overlooks the 467-acre – South Rim.

And those buyers are arriving to see BackCountry in big numbers – up to 100 visitors a weekend despite the winter weather. more »

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